lottery lotto max

lottery lotto max

If I win the lottery in Canada …?

If I win the Canadian lottery jackpot up to $ 50 million, I pay $ 50,000,000 in whole, or they give me a choice between a lump sum vs. annuity smaller? Also, I heard there are no taxes on lottery winnings Canadian, is this true?

Canada considers a lucky so would not be taxed by the Canadian government to make lump sum much more attractive. Without But if you are an American, U.S. still want to tax, though the money was earned in Canada. You have to look into the tax laws of their citizenship and their residence, not just the tax laws of the country issuing the lottery.

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